1. Lagarde to Become Managing Director and Chairman of the IMF
... exceptional talent and broad experience will provide invaluable leadership for this indispensable institution at a critical time for the global economy," Geithner said (Rooney). Lagarde will succeed Dominque Strauss-Kahn, who was recently arrested in New York for sexual assault. Lagarde is the first woman to hold this position and was selected by a consensus vote (Rooney), "I am deeply honored ... colleague and friend, Agustin Carstens," she said (Rooney). The global financial institution desperately needed a new leader because of their involvement with the European Union and the Europe...
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- Grade Level: Undergraduate